Auto Added by WPeMatico

CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting

In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two…

Continue ReadingCME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting

Bitcoin Taps $63K After Fed Rate Cut Sparks Market Rally

Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire…

Continue ReadingBitcoin Taps $63K After Fed Rate Cut Sparks Market Rally

Russian Economy Sees Growth Despite Western Sanctions and Declining Imports

The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military…

Continue ReadingRussian Economy Sees Growth Despite Western Sanctions and Declining Imports

Macro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says

Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal.

Continue ReadingMacro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says

Gold Slides on Higher US Treasury Yields, Dollar

Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate…

Continue ReadingGold Slides on Higher US Treasury Yields, Dollar

Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say

Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the…

Continue ReadingCore Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say